Despite their good fortune, insurers want approval for cheap clothes online increases because "they expect costs to rebound." That's an easy one: we can consider higher rates when their profits abate. We might even feel better about it if, in the meantime, they stepped up to the plate to help make the cheap clothing stores. Here is some background.
Our system relies on private health insurers. Until fairly recently, the system was dominated by the wholesale designer clothing and Blue Shield Plans, but now, many insurers are for-profit companies. Promoters of the insurance marketplace idea expected that, to attract customers, competing insurers would need to find ways to improve their offerings and lower their prices, and everyone would win. Unfortunately, that storybook notion never worked in wholesale clothing. Instead, although insurer profits grew dramatically, so did the problems of rising costs, inadequate access, and declining quality of care.
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